accountant: The New Housing Bill's Hidden Tax Trap - 07/31/08 04:57 PM
Monday, President Bush signed the Housing and Economic Recovery Act of 2008 into law and the press jumped on the obvious storylines:
First-time home buyers get a $7,500 purchase "credit"
Conforming loan limits move to $625,000
Delinquent homeowners get a lifeline from the FHA
Local governments get federal money for buying and
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accountant: Creating Your Real Estate Investment Team - 07/15/08 12:14 PM
Once you have decided that you want to be an investor in real estate and you are in it for the long haul, you need to assemble your team of experts.
Depending on how conscientious you were in the past about guarding your credit, this process can take up to one
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accountant: Good Morning America: On TurboTax vs Accountants - 05/24/08 11:56 AM
To see which method gives tax filers the "biggest bang for the buck", ABC's Good Morning America recently compared three popular tax preparation services:
TurboTax
H & R Block
Personal accountant
In declaring TurboTax the "winner", the 4-minute video glossed over several important tax-related items.
The first is that true
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accountant: What's Your After-Tax Mortgage Rate? - 05/12/08 03:20 PM
Many homeowners are entitled to two major tax deductions -- one for annual interest paid on a home loan, and another for real estate tax bills paid to government.
Calculating your approximate tax credit is basic:
Add mortgage interest paid and real estate taxes paid together
Find your marginal tax
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accountant: I'm Not a Marriage Counselor!!! - 03/13/08 08:31 AM
Has anyone ever said one of these or thought one of these while working with a client? Im not a/an: ElectricianHome InspectorPlumberContractorArchitectEngineerAccountantFinancial PlannerAttorneyMortgage LenderInvestment AnalystAnd most of all, I'm not a marriage counselor I am a Real Estate Professional only. If you have any questions regarding that, I would be more than happy to
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accountant: Short Pay Tips (San Fernando Valley, CA Short Sale Broker) - 03/04/08 01:08 AM
1. Always have the seller contact the asset manager to discuss a short payoff of their loan. 2. Most lenders require a signed listing agreement before they will speak with an agent. 3. Most lenders have specific requirements and may fax them to you upon request. 4. Be aware that there will be time
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accountant: What is a tax free exchange? - 01/30/08 03:30 PM
What is a tax free or 1031 Exchange?A 1031 exchange, also known as a Starker Exchange, enables you to sell property and invest the proceeds into another without having to pay tax on the gain--you defer it. And you can keep legally doing this over and over again.Reasons why people exchange
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accountant: LLC's - 12/13/07 11:21 AM
Dear Ladies and Gents!I hope everyone has been well. I hope that business is well. Although it is an interesting market out there, but I'm sure we are all doing fine.I just had a phone call with a client earlier in discussion with him about his lawsuit and LLC's. His accountant
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accountant: Loop Holes 2 Year Requirement - 11/23/07 01:23 PM
We all know that the 1997 tax code granted single homeowners a $250,000 and married couples a $500,000 deduction on their primary residence as long as they lived in the home 2 out of the last 5 years. If there has been an event that a homeowner did not anticipate before
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accountant: Oh, No! Mr. William (Sorry don't want to upset SNL) - 11/25/06 01:53 PM
Devine, Bovine! Mister dressed in spandex and who thinks he is a flying rodent! (Sorry don't want to upset WB or Bob Kane) Why don't we all meet as aquaintences over at the bookstore to drink our caffinated beverages and talk about this? (Sorry don't want to upset Fox) Hey, let's move to an
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accountant: STUFF - 09/22/06 01:55 PM
Why is it that Real Estate agents buy so much crap with there picture on it. I don't know of any other industry that is like ours. Ok the pens, drink coolers, water bottles, note pads, bottle openers, ice cream spoons and so much more STUFF. My lawyer and accoutant don't
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